Lofty AI launches marketplace for tokenization of liquid real estate on Algorand

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High AI announces the launch of its liquid real estate marketplace on Algorand blockchain, including the introduction of a sixth listing of tokenized property as it gains traction in restricting access to property ownership.

The Lofty AI model allows anyone to become a direct property owner and generate rental income for as little as $ 50 per token and in as little as five minutes, made possible by a blockchain-based solution powered by the Algorand platform. Lofty AI’s unique properties listed on the market are validated by both the local investment team and its in-house artificial intelligence, designed to more accurately assess market metrics that are gaining acceptance, including social media data, retail trends and more.

Lofty AI’s mission is to provide liquidity and accessibility to the notoriously illiquid real estate market. Algorand blockchain technology achieves this through minimal transaction fees, advanced smart contracts that automate many functions, and industry-leading transaction processing speed. These factors allow investors to participate with significantly lower minimums and liquidate their investments at any time of their choice, thereby reducing risk.

Lofty AI ownership tokens can be purchased via credit card or ACH transfer and will soon be available for purchase in Algorand-based currencies. The rental income is shared among the owners in US dollars, and in the future, the rental income will be sent directly to the user’s Algorand wallet.

“We believe that investing in real estate should not be just for the very wealthy. Our team faced this challenge when investing in personal real estate, so we decided to create a platform that makes it easy to invest in proven real estate in minutes for just $ 50, ”said Max Ball, COO of Lofty AI. “Building on Algorand was an easy task for us – to be honest, it was probably the easiest decision we have had to make so far.”

“We are delighted with the success of Lofty AI at Algorand and congratulations on today’s launch of the sixth tokenized property,” said David Markley, director of business solutions for Algorand. “We believe blockchain technology is the key to democratizing finance, including real estate investment opportunities, and have developed our protocol to facilitate the ease of use, speed, scalability and true decentralization required for this future.”

The sixth property to be listed on the Lofty AI marketplace will launch today, with 2509 tokens available for investment.


Photo Matthew LeYyun on Unsplash

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